Friday, 30 May 2014

Transparency
Market Research Reports included a detailed market survey and analysis trends
on “Novolac Resins Market”.
This report also includes more info about basic overview of the industry
including definitions, applications and global market industry structure.

Novolac resins are
among the most dominant types of phenolic resins. Novlac resins are produced by
the reaction of phenol and formaldehyde in the presence of an acidic catalyst.
Phenols employed in the production process typically include resorcinol, cresol
or bio-based products such as nutshell of cashew. Hexamine is commonly used as
a source of formaldehyde in the production process.

Novolac resins possess
several characteristics such as high thermal stability, high strength, light
weight and can be molded easily. Their physical properties make novolac resin
suitable for several applications such as insulation, laminates and wood
adhesives among several others. Major end user industries for novolac resin
include construction, transportation, marine, furniture and other end user
industries that require high strength and high thermal stability materials such
as oil drilling. Wood adhesives applications dominate the global demand for
novolac resins and the trend is expected to continue during the forecast period.

Physical characteristics such as light weight, high thermal stability coupled
with low toxicity of novolac resins is a major factor driving demand for these
novolac resins. Increasing demand for molded materials and laminates are
expected to be among the foremost driving factors for novolac resin market
growth. Increasing demand for fuel efficient vehicles has been driving demand
for novolac resins in the automotives and transportation application segments.
Novolac resins are light weight and thus reduce the overall weight of the
vehicle and improve fuel efficiency which has led to higher acceptance of these
resins in the automotive segment.

With increasing number of regulations to promote energy efficient structures
and machineries, demand for novolac resins for insulation applications is
expected to drive the market growth during the forecast period. Novolac resins
are suitable for off shore oil drilling activities which is among the major
emerging application segment for novolac resins. Increasing research and
development activities and higher degree of customization to meet specific
needs of these niche application segments is expected to offer huger growth
opportunity for the novolac resin market in the near future.

Asia Pacific dominates the global demand for novolac resin both in terms of
production and consumption and the trend is expected to continue during the
forecast period. Increasing industrial investments in the developing economies
of India and China is among the foremost driver for the demand of novolac
resins in the region. High GDP growth rate and increasing disposable income in
these developing economies has led to growth in several end user industries
such as wood adhesives, automotive and construction among other. High economic
growth in these regions is expected to drive market growth in the near future.

In 2012, North America was the second largest consumer for novolac resins
followed by Europe. Demand for novolac resin in the developed economies of
North America and Europe is primarily driven by increasing number of
regulations for promote energy efficient structures and fuel efficient
vehicles. Increasing demand in Latin America and Middle East is expected to
drive demand for novolac resin in the RoW region.
Novolac resin market is characterized by high degree of competition and major
players compete on the basis of innovation to meet application specific demand
of end consumers. High growth opportunity and low capital investment in the
Asia Pacific region has been driving investment in the region.

This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include

North America

Asia Pacific

Europe

Rest of the World

This report provides
comprehensive analysis of

Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming
years

This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.

Transparency Market
Research (TMR) is a market intelligence company providing global business
research reports and consulting services. Our exclusive blend of quantitative
forecasting and trends analysis provides forward-looking insights for thousands
of decision-makers.

TMR’s
experienced team of analysts, researchers, and consultants use proprietary data
sources along with various tools and techniques to gather and analyze
information.